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Features & benefits

$0 monthly account
keeping fees
Your money's yours to spend how you like.
No maximum balance
Earn the same rate on all balances no matter how much you save.
Anywhere, anytime access
Using Online Banking, Mobile Banking, telebanking and SMS alerts.
Simple competitive rate
One great interest rate with no bonus interest conditions no matter how you use your account.
Clever ways to save
The Vault

Avoid the temptation to dip into your savings by hiding your account in The Vault.

The Boost

Save every time you spend with The Boost.

Savings Calculator

Find out how much you could save and how to reach your goals faster with our Savings Calculator.

How to apply
1. Check your eligibility

There are a few eligibility requirements to check before you apply.

2. Apply online

Grab your ID and follow the application prompts.

3. Watch your savings grow

Build your savings at a pace that suits you.

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Home Saver

Reach your dream of homeownership sooner with bonus interest on your savings.

Everyday Business Account

Keep things running smoothly with this account for your everyday banking needs.

Trusted by Australians for over 75 years.

Learn more about Great Southern Bank

canstar award everyday banking 2022-2023
DBM Australia Financial Awards - 2021
granted to CUA
Mozo Experts Choice - 2021
RateCity Bank Account Awards - 2021
Get in touch
We're here to help.
Call 133 282

Mon - Fri: 8:00am - 7:00pm (AEST)
Sat: 8:00am - 4:00pm (AEST)

Find a branch
Speak to one of our friendly staff at a branch near you.
Connect online
Chat to us or browse help topics and FAQs.

Frequently asked questions

Who is Great Southern Bank?

Great Southern Bank is the trading name of Credit Union Australia Limited. You may have previously known us as CUA.

For over 75 years, we’ve been helping Australians with their banking and insurance needs. And today, we continue to provide clever products and tools to help customers reach their financial goals sooner.

As a customer-owned bank, we’re owned by you, our customers. So, instead of chasing huge profits for stakeholders, we reinvest profits back into the business for better products and services.

We love helping customers to achieve their financial goals and we can’t wait to help you with yours, whatever they may be. To get started, contact us today.

How do I switch to Great Southern Bank?

Switching to Great Southern Bank is easier than you think and takes less than five minutes! All you need to do is open an account. It’s that simple.

Plus, we can help you switch your salary, direct debits, and regular payments to your brand-new Everyday Edge Account.

What bank accounts are available at Great Southern Bank?

We offer different types of accounts to suit different financial needs – be it everyday money management or savings. To find an account that works best for you, click on the links below.

Is my money safe in a savings account?

Yes. Money placed in a savings account with a bank, building society or credit union is protected by the Australian Government’s Financial Claims Scheme (FCS).

The scheme protects deposits up to $250,000 per person, per financial institution. In the unlikely event that a financial institution closes you’ll have the peace-of-mind that your money is safe.

Learn more about the FCS.

Can I do my banking on my mobile phone?

Absolutely. Simply download our mobile banking app to do your banking anywhere from the convenience of your phone.

Can I do my banking online?

Yes. Great Southern Bank Online Banking is easy to use, convenient and secure. As a new customer you'll be set up with online banking as soon as you apply.

If you are already a customer, you can register for online banking in less than a minute and get started straight away.

How secure is mobile banking and online banking?

We take security very seriously and have several features to keep your online and mobile banking safe and secure.

For starters, you’ll always need your customer number and password to log in to digital banking. You can also take advantage of our special features for extra security and peace of mind.

Our key security features include:

While we take proactive steps to fight fraud, it’s important that our customers also take an active role in keeping their accounts secure.

Our online security checklist contains more tips and tricks to keep your account secure. And as always, never share your password with anyone.

Important Information

Rates current as at 03 May 2024 and subject to change.

Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL 238317. Conditions, fees and charges apply. This is general information and does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information, including the Terms and Conditions (T&Cs) booklet, before acting on it. The Financial Claims Scheme may apply to this product; refer to the T&Cs for more information.

Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.

Interest is calculated daily on whole balances and paid monthly.

To view the Target Market Determination for this product, please click here.